Earlier quoted context omitted.
This discussion shows how far Musk's anti-SEC propaganda had taken effect. As far as I know (I could be mistaken, and too lazy to investigate that further), but the SEC doesn't have the power to block bank accounts of companies over illegal things shareholders or officers of the company did. That's how this discussion started: The SEC blackmailed Musk into signing a settlement or otherwise the SEC would block Tesla's…
How did bank accounts come into this? There was never any discussion about bank accounts. It's about financing of Tesla's debt. That's something that banks do, and banks could deny funding (even of a bank overdraft) for almost any reason really, like an SEC lawsuit. No-one ever talked about any bank account being blocked. But in a world of debt, where debt is provided by institutions, if you can control who gets loan…
Citing from like three levels of comment up-stream.